From the New York Times:
Much of the information that led the authorities to raise the terror alert at several large financial institutions in the New York City and Washington areas was three or four years old, intelligence and law enforcement officials said on Monday. They reported that they had not yet found concrete evidence that a terrorist plot or preparatory surveillance operations were still under way.
Frances Fragos Townsend, the White House homeland security adviser, said on Monday in an interview on PBS that surveillance reports, apparently collected by Qaeda operatives had been “gathered in 2000 and 2001.” But she added that information may have been updated as recently as January.
Given the stellar performance of our counter-intelligence agencies in the past, is it too much of a leap to assume they mean January 2004?